The condo was purchased last year by A.J. and Poonam Khubani

A.J. and Poonam Khubani, the couple behind the “As Seen on TV” infomercial company Telebrands, is selling a penthouse condo in Miami Beach for $27.5 million—66% more than they paid for it last year.

Located on the top floors of the Residences at the Miami Beach Edition, the triplex apartment sold for $16.5 million to a family trust in the name of Poonam Khubani, according to public records released this month. Around that same time the couple also closed on another penthouse unit in the building for $17.5 million, records...